Monthly Archives: October 2012

Buddhist Monk is World’s Happiest Person

From the Daily News:

Tibetan monk and molecular geneticist Matthieu Ricard is the happiest man in the world according to researchers at the University of Wisconsin. The 66-year-old’s brain produces a level of gamma waves – those linked to consciousness, attention, learning and memory – never before reported in neuroscience.

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Saudi Arabia to focus 100% on Renewable Energy

From The Guardian:

Saudi Arabia, the world’s biggest oil producer, has plans to become 100% powered by renewable and low-carbon forms of energy, according to an influential member of the royal family.

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IMF Working Paper: Full Reserve Banking

At the height of the Great Depression a number of leading U.S. economists advanced a proposal for monetary reform that became known as the Chicago Plan. It envisaged the separation of the monetary and credit functions of the banking system, by requiring 100% reserve backing for deposits. Irving Fisher (1936) claimed the following advantages for this plan: (1) Much better control of a major source of business cycle fluctuations, sudden increases and contractions of bank credit and of the supply of bank-created money. (2) Complete elimination of bank runs. (3) Dramatic reduction of the (net) public debt. (4) Dramatic reduction of private debt, as money creation no longer requires simultaneous debt creation. We study these claims by embedding a comprehensive and carefully calibrated model of the banking system in a DSGE model of the U.S. economy. We find support for all four of Fisher’s claims. Furthermore, output gains approach 10 percent, and steady state inflation can drop to zero without posing problems for the conduct of monetary policy.

Read the IMF paper here..

And article in The Telegraph…

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Charter for Compassion

The Charter for Compassion is a document that transcends religious, ideological, and national differences. Supported by leading thinkers from many traditions, the Charter activates the Golden Rule around the world.

The principle of compassion lies at the heart of all religious, ethical and spiritual traditions, calling us always to treat all others as we wish to be treated ourselves. Compassion impels us to work tirelessly to alleviate the suffering of our fellow creatures, to dethrone ourselves from the centre of our world and put another there, and to honour the inviolable sanctity of every single human being, treating everybody, without exception, with absolute justice, equity and respect.

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Searching for Extra-Terrestrial ‘Dyson Spheres’

From The Atlantic:

In 1960, mathematician, physicist, and all-around genius Freeman Dyson predicted that every civilization in the Universe eventually runs out of energy on its home planet, provided it survives long enough to do so. Dyson argued that this event constitutes a major hurdle in a civilization’s evolution, and that all those who leap over it do so in precisely the same way: they build a massive collector of starlight, a shell of solar panels to surround their home star.

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